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Asia markets tumble as tech rout deepens

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Asia markets tumble as tech rout deepens
Asian markets plunged on Monday as investors slammed the brakes on the red-hot AI rally, while Israeli strikes on Beirut sent oil prices and the dollar higher.

An 8% drop for South Korea’s chip-heavy KOSPI benchmark triggered a 20-minute trading halt and has it down almost 17% from last week’s record high.

Japan’s Nikkei fell 3.5% in early trade, though ‌U.S. S&P 500 ⁠and Nasdaq ⁠100 futures made small gains.

The Nasdaq had dropped 4.2% on Friday, with selling concentrated in semiconductor stocks after a hot jobs report ramped up expectations for Federal Reserve interest rate hikes, putting the brakes on what has been a sparkling AI-led rally.

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Two-year Treasury yields rose more than 11 basis points on Friday and benchmark 10-year Treasury futures were about five ticks lower early on Monday morning in Asia.


“The AI-drives-everything narrative frayed last week,” said Bob ⁠Savage, head ‌of markets macro strategy at BNY.
“Whether this is a healthy pause in the nine-week equity rally or a top remains the key question. The ⁠IPO focus on SpaceX and Anthropic is part of the pause – whether to make room for the new market cap or to rethink value.” INFLATION AND ECB AHEAD

The week ahead is headlined by the giant SpaceX listing, expected to price on Thursday and trade on Friday, but will also have inflation in focus with U.S. consumer price data due on Wednesday and central bank meetings in Canada and Europe.

Last week, bitcoin notched its heaviest weekly drop since the collapse of crypto exchange ‌FTX in late 2022, falling about 16%. It was hovering just shy of $63,000 on Monday.

SpaceX’s debut is expected to be followed by other mega IPOs in the coming months from Anthropic ⁠and OpenAI, raising so much money that brokers are nervous it could draw down other assets.

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The Middle East situation also remains delicate, and Brent crude futures were up about 2.6% to $95.45 a barrel on Monday morning after an Israeli attack on Beirut prompted Iran to direct a salvo of missiles at Israeli targets.

OPEC+ agreed on Sunday to the fourth increase in its oil output targets in as many months.

In currency trade the dollar was firm and holding above 160 yen and pushed the Australian dollar to $0.7038. The euro hovered at $1.1518.

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VT: Why Global Stocks May Be Rocky Ahead Of The Midterms (Downgrade) (NYSEARCA:VT)

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CapEx Supercycle: The Megaproject Wave Rewiring U.S. Infrastructure

This article was written by

Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having expertise in thematic investing, market events, client education, and compelling investment outlooks, I relate to everyday investors in a pithy way. I enjoy analyzing stock market sectors, ETFs, economic data, and broad market conditions, then producing snackable content for various audiences. Macro drivers of asset classes such as stocks, bonds, commodities, currencies, and crypto excite me. My thing is communicating finance with an educational and creative style. I also believe in producing evidence-based narratives using empirical data to drive home points. Charts are one of the many tools I leverage to tell a story in a simple but engaging way. I focus on SEO and specific style guides when appropriate.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Newmont Reported Strong Earnings and Cash Flow. The Stock Is Down.

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Newmont Reported Strong Earnings and Cash Flow. The Stock Is Down.

Newmont Reported Strong Earnings and Cash Flow. The Stock Is Down.

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Tech Stocks and Oil Fall | Markets PM for July 24

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Tech Stocks and Oil Fall | Markets PM for July 24

This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here.


What Happened in Markets Today

Intel fell. The chip maker reported strong quarterly results Thursday afternoon, suggesting AI-driven demand for its chips remained strong for the foreseeable future. But market jitters over sky-high AI spending without a path to good returns overpowered the company’s better-than-forecast financial performance. Shares ended down 8% amid a mostly down day for tech.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Thailand’s Entertainment and Media Sector Poised for THB550 Billion in 2026

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Thailand's Entertainment and Media Sector Poised for THB550 Billion in 2026
  • Thailand’s entertainment and media industry is projected to reach approximately THB550 billion in 2026, reflecting 1.8% growth despite weak consumer spending, according to PwC. Digital advertising, streaming video, and gaming and esports are the primary growth drivers, with internet advertising forecast to grow 41.5% by 2030.
  • PwC projects the sector will reach THB616.1 billion by 2030, at a compound annual growth rate of 3.1%. The firm cautions that sustained success will depend not on AI adoption alone, but on combining technology, data, and creativity to build consumer trust and long-term loyalty.

Digital advertising, gaming, and AI-driven transformation set to power modest but steady growth amid economic headwinds.

Key takeaways

  • Thailand’s entertainment and media industry is projected to reach ~THB550 billion in 2026, up 1.8% from 2025, despite weak consumer spending.
  • Digital advertising, streaming video, and gaming/esports are the fastest-growing segments, with internet advertising alone set to grow 41.5% by 2030.
  • PwC says long-term success will depend on combining AI with creativity to build meaningful, trust-based consumer experiences, not on technology alone.

Thailand’s entertainment and media industry is on track to generate roughly THB550 billion in revenue this year, marking 1.8% growth compared with 2025, according to new projections from PwC. The forecast comes even as the country grapples with soft consumer spending and broader economic uncertainty, underscoring the sector’s relative resilience.

The growth, PwC says, will largely be fueled by an ongoing shift of advertising budgets toward digital platforms, alongside continued expansion in online video, gaming and esports.

Steady Climb Through the Decade

Drawing on its Global Entertainment & Media Outlook 2026 to 2030, PwC projects Thailand’s E&M industry will rise from THB535.8 billion in 2025 to THB545.6 billion this year, before climbing to THB616.1 billion by 2030, a compound annual growth rate of 3.1% over the five years.

Digital segments, including internet advertising, gaming and esports, and streaming video services, are expected to lead that expansion, while traditional media formats continue to lose ground amid shifting consumer habits and advertisers’ migration online.

Tithinun Vankeo, Assurance Partner at PwC Thailand, said that despite the strain on household spending, the industry’s digital shift is giving it a measure of durability. According to Vankeo, businesses are turning to digital channels because they offer sharper audience targeting and better use of AI-driven data insights than conventional media.

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Advertising and Gaming Lead the Charge

Among the standout performers for 2026, internet advertising revenue is projected to climb 13% year on year to THB66.8 billion, streaming video services to grow 11% to THB22.9 billion, and gaming and esports to expand 12% to THB52.3 billion.

Looking further ahead, PwC expects the internet advertising market to grow 41.5% between 2026 and 2030, reaching THB94.6 billion, while gaming and esports revenue could rise 41% over the same stretch to THB71 billion, driven by widespread smartphone use, popular mass market titles and expanding digital distribution.

AI as Enabler, Not Endpoint

While artificial intelligence is reshaping how content is produced, distributed, and monetized, PwC’s report suggests the human appetite for connection and meaningful experience remains the industry’s core driver. Live and interactive formats, including concerts, sporting events, and other experiential content, continue to hold consumer appeal and generate durable value for media companies.

Vankeo argued that the industry’s next test isn’t simply deploying AI for efficiency gains, but using technology and data to craft experiences that feel genuinely relevant to audiences. Companies that pair AI capabilities with strong creative content and deeper engagement, she said, will be best placed to differentiate themselves over time.

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She added that as competition intensifies, lasting advantage will come not from having the most advanced technology alone, but from blending AI, data, and creativity to build trust and long-term consumer loyalty.

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Japan’s ‘Strong and Rich’ strategy could drive bigger yen swings

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Japan’s ‘Strong and Rich’ strategy could drive bigger yen swings

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Australia to raise concerns over new tariffs with Trump, PM Albanese says

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Australia to raise concerns over new tariffs with Trump, PM Albanese says

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Police identify Islamist as suspect in Berlin Pride attack, seeking his arrest

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Police identify Islamist as suspect in Berlin Pride attack, seeking his arrest

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This Optical Networking Stock Has Soared This Year. Why It Fell After Strong Earnings.

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This Optical Networking Stock Has Soared This Year. Why It Fell After Strong Earnings.

This Optical Networking Stock Has Soared This Year. Why It Fell After Strong Earnings.

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American Express Cardholders Keep Spending. Why the Stock Is Sliding.

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American Express Cardholders Keep Spending. Why the Stock Is Sliding.

American Express Cardholders Keep Spending. Why the Stock Is Sliding.

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Verizon Stock Rises After Earnings as Turnaround Plan Gathers Pace

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Verizon Stock Rises After Earnings as Turnaround Plan Gathers Pace

Verizon Stock Rises After Earnings as Turnaround Plan Gathers Pace

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